03 Jul Filing Bankruptcy to Prevent Foreclosure: Get the facts.
As Bankruptcy Attorneys, we were sick and tired of the amount of bad information available on the Internet.
It is very easy to tell how much research a client did on the Internet in an initial consultation, by the things they say and the questions that they ask.
Well, I just received another one of those annoying articles which tells people thatbankruptcymay not be a good solution when facing a foreclosure. Of course this article was from one of those foreclosure rescue scams. It tells people how hard bankruptcy is and then throws all of the negative mis-information that is constantly being spewed by those who don’t understand how the bankruptcy system works and how the bankruptcy system helps people.
Of course, the article was a self-serving advertisement about the services offered by the foreclosure rescue scam. About the only thing the author was correct about is that bankruptcy should be the last option.
In South Florida, it’s no secret that our real estate market has tanked. I am seeing countless people with mortgages that far exceed the value of their homes. The real estate gurus who write articles in the newspaper are running out of things to say because there is literally nothing selling. My clients have exhausted all other possibilities before filing bankruptcy.
But, we as Bankruptcy Attorneys do not have an agenda, except to help people who truly need our help. We do not have the luxury of helping people with one of their problems, we get all the problems.
Normally, when a person is in foreclosure, they also have medical bills, personal loans and credit card debts, not to mention car payments, insurance and the price of gas.
As Bankruptcy Attorneys we have to get the facts from our clients to help them make the proper decision about filing a bankruptcy case and also about the future.
Many bankruptcy attorneys offer a free initial consultation for people interested in filing for bankruptcy. Even if your local attorneys do not offer a free consultation, you need to know the truth about foreclosure and the option of bankruptcy.
Latest posts by Carmen Dellutri, Esq. (see all)
- Chapter 13 Bankruptcy And Home Owners Associations - December 2, 2013
- 5 Reasons Every Small Business Owner Needs To Consult With A Bankruptcy Attorney - October 28, 2013
- Spouses Do Not Need To File Bankruptcy Together - August 28, 2013
- Is Your Homestead Exemption Bulletproof under 11 USC 522(o)? - July 31, 2013
- Can My Chapter 7 Bankruptcy Be Dismissed? - June 28, 2013